In the labyrinthine corridors of modern finance, where dollars dance and morals sometimes take a holiday, John Deatonāever the crypto cheerleaderāwhispers that Teslaās master of mayhem, Elon Musk, might just splash more cash into Bitcoin. Why? Well, as Congress wobbles into a frenzy of fiscal folly, Deaton twinkles with the idea that this legislative chaos is a āwalking billboardāāa veritable neon signābegging to be bought, or at least, thatās his theory. Trust a man who believes in crypto more than in gravity, right? š
Inflation Might Get WorseāShocking, I Know
The billāa veritable carnival of tax cuts for the opulentāaims to sling another $3.8 trillion into the abyss of the national debt within ten years. Yes, ten! Think of it as Uncle Samās new credit card, maxed out with style and a generous splash of fiscal irresponsibility. Deaton, a man who previously tried to dethrone Elizabeth Warren (good luck with that), claims this steaming pile of legislation isāwhatās the word?āa āwalking billboardā for Bitcoin. Because nothing screams āinvestmentā like a bill that will make inflation boop over the moon! šš
Iām sorry, but I just canāt stand it anymore.
This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.
Shame on those who voted for it: you know you did wrong. You know it.
ā Elon Musk (@elonmusk) June 3, 2025
Meanwhile, gold enthusiast Peter Schiffāwho probably dreams in bullionāpredicts that this behemoth of legislation will turbocharge inflation faster than a Tesla Model S on Ludicrous Mode.
“Given larger budget deficits and a weaker dollar, the inflation problem will actually get a lot worse,” Schiff declared, as if explaining that water is wet and fire is hot. š„š§
Teslaās Bitcoin Holdings: A Digital Treasure Chest
Back in the dawn of digital gold, February 2021, Tesla boldly plunked down $1.5 billion in Bitcoināa move that made both entrepreneurs and meme-lords take notice. As of today, thanks to the diligent data whisperers at Arkham Intelligence, Teslaās Bitcoin stash has dwindled slightly to $1.2 billion. Ah, the sweet smell of crypto inflationālike opening a wallet and hearing a faint whisper of āgone.ā šøš©
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2025-06-04 00:41